lighsquared

Right on time, Sprint has just announced that it has entered into a 15-year agreement with LightSquared to provide 4G LTE capabilities on its network. According to Sprint's press release, "LightSquared will make payments to Sprint of approximately $9 billion in cash for spectrum hosting and network services as well as LTE and satellite purchase credits which are currently estimated to be valued at approximately $4.5 billion".

With this deal going ahead, LightSquared expects nationwide 4G to cover 260 million people in the USA by 2014 - one year ahead of the FCC mandate of 2015.